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Budget Plan Goes to electors at May 22 meeting

May 8, 2017 Budget, Government 1 Comment

CANTON – While the town’s proposed $37,767,987 million budget represents a 0.58 percent increase in spending, taxes would increase 2.45 percent under the plan.

The new mill rate would be 30.49. Each mil represents $1 in taxes for every $1,000 in assessed property. In this case, homeowners pay $3,049 for every $100,000 of assessed property. The “average” taxpayer, with a home assessed at $238,832, would receive an annual tax bill of $7,282, or $174 more than in fiscal year 2016-17.

If there’s no petition for a referendum, town electors will vote on the plan during the annual budget meeting at 7 p.m. May 22 in the Canton High School auditorium.

At least 150 need to be present for the budget to be validated. The reason the tax increase is greater than the rise in spending is due to Gov. Dannel Malloy’s proposed cuts in town aid. See more in the May 4 edition of The Valley Press.


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